Hsbc

HSBC has lifted the three-month pause on its restructuring plan which will see the bank cut up to 35,000 jobs.  

HSBC has announced that its profits before tax have dropped by 48% to $3.2 billion as the coronavirus pandemic wreaks havoc on the global economy.

A family-owned transport business Migdale Transport, which is based in Bonar Bridge, Sutherland, has purchased a new vessel, creating 14 new jobs for the region, following a £13.5 million loan and asset financing deal with HSBC UK. The firm, which specialises in the transport of live fish acro

Banks across the UK have seen their share prices drop as they were forced to freeze dividend payments and share buybacks after the Bank of England's Prudential Regulation Authority (PRA) called for the dividends to be suspended.

Muthill-based FIMM Potatoes, which supplies table and seed potatoes to the UK, Europe, North Africa and the Middle East, is modernising its operating processes after securing £1 million in support from HSBC UK.

Following growing criticism, high street banks have backtracked on loan requirements which insisted that business owners provide personal guarantees for government-backed loans.

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl

The impact of the COVID-19 outbreak has forced HSBC to delay its restructuring plans announced earlier this year.

Scottish entrepreneur Liz Watson has purchased her first business in East Kilbride using a six-figure funding package from HSBC UK. Ms Watson established a new company, Redloan Holdings, to purchase The Mobility Centre from original owners Susan and Stephen Laughlin who have now retired. T

HSBC will close a further 27 branches this year due to an increase in customers moving to online and digital banking.

HSBC has revealed a new radical restructuring plan which will see the bank cut 35,000 jobs as the company saw pre-tax profits drop by 33%.

HSBC has appointed former Standard Life boss David Nish as senior independent director and chairman of the group audit committee. Mr Nish will also become a member of the group risk committee with effect from 18th February this year.

The Institute of Auctioneers and Appraisers in Scotland (IAAS) has appointed Neil Wilson, former head of agriculture at HSBC Bank, as its executive director. Mr Wilson has been appointed to help intensify the Institutes' fight for the interests of members and the wider livestock industry and&nb

William Walker Transport, an Aberdeen-based haulage supplier, is expanding its services to the North of England following £600,000 of funding from HSBC UK.

The UK's six biggest banks and building society Nationwide are braced for today's results of the most exhaustive test of their ability to stand firm against 'Armageddon'.